Portside Wealth Group LLC Buys New Holdings in YETI Holdings, Inc. (NYSE:YETI)

Portside Wealth Group LLC purchased a new position in YETI Holdings, Inc. (NYSE:YETI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,295 shares of the company’s stock, valued at approximately $217,000.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of YETI in the third quarter valued at $26,000. Crewe Advisors LLC bought a new position in YETI in the 1st quarter valued at about $27,000. Versant Capital Management Inc increased its holdings in YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares in the last quarter. Blue Trust Inc. raised its stake in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of YETI in the second quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

YETI has been the subject of a number of analyst reports. KeyCorp increased their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday. TD Cowen upped their price objective on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. B. Riley boosted their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group upped their target price on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.62.

YETI Trading Down 0.5 %

Shares of YETI stock opened at $38.66 on Friday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.05 and a beta of 2.12. YETI Holdings, Inc. has a 52-week low of $33.41 and a 52-week high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. The stock’s 50-day simple moving average is $38.73 and its 200 day simple moving average is $39.13.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The company had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. During the same period in the prior year, the company posted $0.51 EPS. YETI’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts anticipate that YETI Holdings, Inc. will post 2.35 EPS for the current year.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.